#数字资产市场洞察 December 19 BTC Evening Market Observation

Tonight, Bitcoin is likely to continue with the pattern of wide-range consolidation followed by a breakout.

From the bottom, the intraday low of 84408.6 has formed a clear support—this is a short-term stabilization point after a decline, and signs of buying interest are evident. If the price revisits this level tonight without breaking below, a rebound could be easily triggered.

As for resistance, it stands at 89447.9. The bullish momentum that pushed the price up earlier hasn't fully played out yet. Currently, the price has regained above 87000, which is a typical pattern of a breakout followed by a retest. Tonight, it may test the previous high again, or even directly break new highs. If it stabilizes above 88000, the first target is 89500, and breaking the previous high could aim for 91000.

Conversely, the bearish scenario should also be considered. The level at 89447.9 has been tested multiple times without a true breakout, and recently, there are signs of stagnation around 88000—indicating that bullish momentum is waning, which could trigger selling pressure. The long upper shadow on the daily candlestick is quite obvious, showing significant selling pressure above. If the price cannot break above 88500 tonight, a double top may form, leading to a technical correction. Breaking below 87500 first targets 85000, and further below 84408.6 could see a move toward 83400.

**Trading Reference**:
For bulls: look for stabilization between 87000–87500, with a stop-loss at 86500.
For bears: look for resistance around 88500–89000 during a rebound, with a stop-loss at 89500.

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